Dinesh Bhundere
Mumbai
Summary
Seeking a position to utilize skills and abilities to expand a career at par with qualification and enthusiasm in an organization that offers professional growth while being resourceful and innovative.
Commerce graduate with 12+ years of experience of Accounts Payable, Reconciliation (Italy & India), T&E expense claim management, Employee Masterdata management and Fixed Asset Accounting, Domestic process migration/knowledge transfer. Successfully migrated and stabilized Domestic process in to Shared Service Center in Mumbai.
Overview
16
16
years of professional experience
Work History
Finance Operation Analyst I
Teva Global Business Services Private Limited - Tevapharm India Pvt.Ltd.
05.2014 - Current
- With nearly 12 + years’ experience in Finance & Accounting, Accounts Payable, Reconciliation, Payments, Fixed asset register, T&E expense claim management, and vendor master management
- Currently working as a Finance Operation Analyst I– Accounts Payable (Payment Team), T&E process of India & Asset management.
Senior Executive
Aegis Limited (Essar Group)
07.2011 - 05.2014
- Worked as Senior Executive in Aegis Limited (Essar Group)
- Processing invoice and making payment with MM Module as well As FICO module for Accounts & Finance department.
Operation Executive
E-nxt Financial Ltd – Associate of TMF Ltd
04.2010 - 07.2011
- Worked as Operation Executive in E-nxt Financial Ltd – Associate of Tata Motors Finance Ltd
- Giving Pre-mature Termination/ Full & Final amount to close Customer loan with the help of SAP system.
Account Executive
Tikona Digital Network Pvt Ltd
03.2009 - 04.2010
- Worked as Account Executive in Tikona Digital Network Pvt
- Ltd – Processing invoice and preparing cheque for vendor payment.
Account Executive
Reliance Retail Limited on Payroll of M & Co. Advisor & Consultant
01.2008 - 01.2009
- Worked as Account Executive in Reliance Retail Ltd
- Processing payment of vendor.
Education
Bachelor of Commerce - Financial Accounting and Auditing
Mumbai University
01.2007
Skills
- Core member of the process migrations happened in the Mumbai finance shared service center
- Preparing Standard operating procedure manuals during and after the transition period
- Handling process related issues during the work shadow phase Coordinate with our team to minimize the errors and find the route cause
- Responsible for the successful Go-live and stabilization of all the AP & Non AP processes migrated to Mumbai Finance shared service center from different locations
- Preparing the monthly and quarterly dashboard for the AP & T&E processes and submitting it to the higher management for review
- Introduce Implementation and integration of new techniques in process to reduce the processing time and improve/increase efficiency of team
- Preparing FA (Fixed Asset) dashboard quarterly and submitting it to the higher management for review
- Audit support – Statutory Audit, Internal Audit and Global compliance
- Ready to accept new challenges
- Teamwork and collaboration
- Good mediator between company and employee or customer
Accomplishments
- Star Award - FOCUS AND ACCOUNTABILITY, 08/2023, Contributed toward smooth transition of Daily Bank reconciliation process from Sicor Italy, ensured timely completion and created SOP document that was reviewed by the local team with minimal changes. Proactively took up responsibility of reviewing aged debit balances for Import vendors by coordinating with local / site teams and necessary action initiated.
- Star Award - FOCUS AND ACCOUNTABILITY, 04/2021, In lockdown period, I have do my work from home and that time I have provided soft copies of Invoices related to capex, approvals related to employee claims, employee claims (Extract copies from system) and also system testing of enaviya, ramco and priority (Related to Asset register) done with internal auditors, external auditors and compliance auditors on timely manner without any escalation.
Languages
English
Marathi
Hindi
Roles And Responsibilities
Managing the workflow to ensure that all the transaction were processed accurately and timely., Reviewing and monitoring vendor payments for various TEVA legal entities in ERP like. SAP and Priority etc., Circulating report like Payment Block, QC Block, Rejection of material, Closure of Bill of entry transactions etc., Processing import documents for releasing payment of A1/A2 documents i.e. 15CA/CB certificate for payments., Preparing Netting/ Vendor payments for all Inter Company Vendor for Legal entity of Teva B.V. ( Europe), Coordinate with Treasury / Bank for closure of IDPMS Transactions., Preparing Bank Reconciliation for different Teva entities and circulating to the higher management for review once it is approved by manager., Reviewing outstanding report for foreign import vendor on Quarterly basis to avoid the queries subject to FEMA Guidelines., Preparing cash flow projection on monthly basis and circulate to treasury for their review and planning., Outstanding reports for MSME vendors on half yearly and yearly basis of return filing., Posting receipt entries from customer, scrap sale vendor and intercompany., Receiving invoices and processing them immediately for payment as per Indian Taxation, Processing of Utility Invoices on timely manner, processing vendor advances., Specially handling project invoices as per PO conditions i.e. Advance, ABG, PBG, Retention, Commissioning etc., Handling inflow and outflow of invoices- Scanning, Barcoding, Sorting and sending document to respective location., Preparation and circulating query report to internal and external parties to insure timely payments to vendors., Preparing of budget utilization report, capex reports, pending GRV report, debit balance report for management on decision making and planning., Capitalization of CWIP (Capex Work In Progress), Direct Addition, Sale of assets, Transfer of asset (Intercompany or Inter unit)., Preparation of Fixed assets movement, Preparation for IGAAP reconciliation (FAR VS TB) and USGAAP reconciliation (FAR VS TB) in ERP system ( Priority system )., Run Monthly Depreciation (IGAAP and USGAAP) and Quarterly present dashboard to the management and auditors., Assist for physical verification and continuously support to different auditors (Internal, External and Global Compliance etc.), Run Monthly Depreciation,, Capitalization of CWIP into Fixed assets, Preparation of Fixed assets schedule for accounts statements., Provide required data for management and auditor., Working on Employee claims process & audit on Oracle I-expense system and Enaviya.., Employee Tour/Salary Advances & Settlements., Good understanding of Process functionality, Company policies (globally & local), & compliance requirement and ensuring expenses are claimed as per policy., Coordinating with various stakeholders/employees for resolving queries., Reaching out to Employees in case of variances and answering and resolving Employee Queries., Collaborate with various cross functional teams (IT/Corporate card admin/Payments/ Travel team and vendor master team) to resolve the issues., Meeting the Timelines and Deadlines relating to Expenses batch close and submitting them further for Payment., Processing manual expense claims for interview candidates and terminated employees., Provide various reports from the system as and when requested for HR, compliance, internal audit and OBI department. Support in internal audit and compliance audit., Perform card admin role in Concur – Assign / unassigned card, release/hide transactions in Concur as per request., Special assignments as and when required by the business., Email management – handling huge inflow of queries from employees related to expense claim submission., Handling IT tickets raised by the employees related to Enaviya system., Aware of company reimbursement module and building T&E reports & prepare monthly dashboard/process health reports presentation for the management reporting., Handling Corporate cards for India region, Team handling and KT to new joiners., Employee month end report and reconciliation, F&F Clearance., Preparing different reports as requested by manager & management., Employee Debit Balance Clearance and monthly expenses provision., Vendor/Employee master data creation, Master data record management and provide required data for management and auditor., Preparing various master data report for multiple levels of management and different stake holder.
Technical Summary
Excel Dashboards, Word, PowerPoint, Priority 17, SAP INP
Personal Information
- Date of Birth: 05/11/85
- Marital Status: Married
Hobbies and Interests
- Travelling
- Watching news
- Playing cricket
Projects
Accounts payable (Invoice Booking) & Employee & Vendor Masterdata process migration, Migration from factory to Teva Mumbai Finance shared service center in Aug 2014. Fixed Asset accounting process migration, Migration from factory to Teva Mumbai Finance shared service center in Dec 2014. Migration of company corporate credit card administration process, Migration from travel team in Delhi. The activity includes- Issuance of new corporate credit card to employees, maintenance of existing credit cards, cancellation of credit cards of terminated employees and follow up for delinquent accounts. End to end work on project implementing Enaviya - T&E Tool, For all India Teva entity and end to end process of OCR (Read Soft) implementation for invoice booking purpose. Migration/transition: - Leading the team on Sicor Italy Process migration, Of European country to GBS in India in 2022 and Preparing daily reconciliation through Doc. Finance system and posting entry in to the ERP system ( Reconciliation flow :- Bank – Doc. Finance – ERP).
Complete Six Sigma Yellow Belt Training
Project Name - Utility & Critical Supplier tracker
Problem Statement - Utility/Govt invoices are critical in nature and any delayed payments might result in disconnection or service disruption or even financial losses.
Currently due to different reasons facing challenges with delayed processing of utility invoices, leading to recurring penalties and operational inefficiencies
Description -By maintaining a standard tracker of Utility supplier we can thoroughly analyze and identify why the utility invoices are being processed late and fix the root cause and ensure time processing and payment to the Govt suppliers.
Process Impact – Efforts Saving, Accuracy increase, Controllership etc - By maintaining a standard tracker of we can identify patterns or common reasons for delayed submission or processing of invoices. The root cause of delayed submission or processing of invoices can be fixed.
By implementing the tracker weekly review, we aim to improve vendor relationship, reduce penalties, value added to payment forecast and enhance operational efficiency.
Timeline
Finance Operation Analyst I
Teva Global Business Services Private Limited - Tevapharm India Pvt.Ltd.
05.2014 - Current
Senior Executive
Aegis Limited (Essar Group)
07.2011 - 05.2014
Operation Executive
E-nxt Financial Ltd – Associate of TMF Ltd
04.2010 - 07.2011
Account Executive
Tikona Digital Network Pvt Ltd
03.2009 - 04.2010
Account Executive
Reliance Retail Limited on Payroll of M & Co. Advisor & Consultant
01.2008 - 01.2009
Bachelor of Commerce - Financial Accounting and Auditing
Mumbai University
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